Top U.S., China officials raise trade 'concerns' as APEC approaches
AI summary
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a frank call with Chinese Vice Premier He Lifeng, raising trade concerns ahead of the APEC summit in Shenzhen. Both sides urged implementation of the 2025 Busan commitments, including Chinese soybean purchases and suspension of rare‑earth export controls.
Key takeaways
- The U.S. emphasized immediate fulfillment of China’s trade commitments from the 2025 Busan agreement.
- China complained about recent U.S. restrictive trade measures, though specifics were not disclosed.
- The talks were described as frank, in‑depth and constructive by Beijing’s Commerce Ministry.
- Experts note rare‑earth export restrictions remain a key source of bilateral friction.
Read the original at The Hindu
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